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Agriculture Fumigants Market size valued at USD 2.4 billion in 2021 and expected to reach USD 3.22 billion by 2028, at a CAGR of 4.3% during the forecast peirod 2022 to 2028. Fumigants are the chemical substances used in the fumigation to control the pests by filling a complete area to poison or suffocate the pests. Agriculture fumigants are used in the pre-harvest and post-harvest process. In the pre-harvest, fumigants are inserted in the soil to destroy the insects or fungi in crops and grains. In the post-harvest process, agriculture fumigants are used to reduce the damages to harvested crops from insects, termite, and bugs by using toxic gases. Agriculture fumigants are also used for the protection of crop from soil insects, nematodes, moles, rodents, and import or exporting of goods to inhibit the growth of exotic microorganisms. Agriculture fumigants market is growing at a significant CAGR owing to innovation of effective fumigants with low cost, and increasing the soil erosion are the factors driving the agriculture fumigants market. Increase in the demand for healthy food products with better yield and growing adoption of newer agriculture practices are anticipated to boost the fumigants market. Moreover, acquisitions and mergers, collaborations, and product launchings are the strategies followed by the companies for increasing their revenue in the fumigants market. For instance, in April 2014, AMVAC Chemical Corporation gain the distribution rights for Basamid G in U.S., which is a granular soil fumigant. The adoption of viable replacements for methyl bromide for the management of stored items and to quarantine pests has resulted from increasing pest tolerance to methyl bromide fumigation, followed by its phase-out. Phosphine, sulfuryl fluoride, carbonyl sulphide, ethyl formate, hydrogen cyanide, carbon disulfide, methyl iodide, and methyl isothiocyanate are all alternatives to methyl bromide fumigant. As a result, producers are concentrating on new product development by investing in R&D operations for active components that can suppress resistant insects when used in combination with alternative fumigants.
